JPMorgan Asia Growth & Income (LON:JAGI) Shares Up 2.4% – Should You Buy?

JPMorgan Asia Growth & Income plc (LON:JAGI)’s stock price rose 2.4% during mid-day trading on Monday . The company traded as high as GBX 468 and last traded at GBX 467.50. Approximately 162,797 shares traded hands during trading, an increase of 15% from the average daily volume of 141,161 shares. The stock had previously closed at GBX 456.50.

JPMorgan Asia Growth & Income Stock Performance

The company has a market cap of £314.73 million, a P/E ratio of 17.76 and a beta of 0.56. The business has a 50 day moving average price of GBX 443.96 and a two-hundred day moving average price of GBX 420.67.

JPMorgan Asia Growth & Income (LON:JAGI) last posted its quarterly earnings results on Thursday, December 11th. The company reported GBX 4.54 earnings per share (EPS) for the quarter. JPMorgan Asia Growth & Income had a return on equity of 12.22% and a net margin of 86.71%.

Insider Activity

In other news, insider Will Rogers bought 20,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were purchased at an average price of GBX 443 per share, for a total transaction of £88,600. Corporate insiders own 0.19% of the company’s stock.

About JPMorgan Asia Growth & Income

Targeting income without compromising on Asia’s growth

JPMorgan Asia Growth & Income plc provides access to the world’s fastest growing equity market and targets predictable quarterly income without compromising its focus on growth.

Key points:
Expertise – Managed by emerging market veterans.
Portfolio – Manager’s focus on seeking out Asia’s best growth ideas.
Results – Seeks to provide predictable quarterly income distributions set annually.

Why invest in this trust
Managed by our locally based team of investment experts, the JPMorgan Asia Growth & Income plc provides broad access to Asia’s fast growing markets and benefits from our long experience in the region.

Investment objective
Aims to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan.